RLJ Lodging Trust (RLJ) Shares Sold by Century Capital Management LLC

Century Capital Management LLC lowered its stake in RLJ Lodging Trust (NYSE:RLJ) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,213 shares of the real estate investment trust’s stock after selling 1,639 shares during the quarter. Century Capital Management LLC’s holdings in RLJ Lodging Trust were worth $680,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in shares of RLJ Lodging Trust by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 100 shares in the last quarter. Denver Investment Advisors LLC increased its stake in shares of RLJ Lodging Trust by 0.9% in the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 100 shares in the last quarter. Utah Retirement Systems increased its stake in shares of RLJ Lodging Trust by 2.6% in the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 300 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of RLJ Lodging Trust by 2.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,913 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 440 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of RLJ Lodging Trust by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 615 shares in the last quarter.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at 21.36 on Wednesday. The firm’s 50-day moving average is $20.34 and its 200-day moving average is $21.26. RLJ Lodging Trust has a 52 week low of $18.92 and a 52 week high of $25.10. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 14.73 and a beta of 1.17.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. Equities research analysts predict that RLJ Lodging Trust will post $0.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be issued a $0.22 dividend. The ex-dividend date is Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 60.69%.

In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 10,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now owns 72,928 shares in the company, valued at $1,466,582.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Forgia Robert M. La acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $19.73 per share, with a total value of $98,650.00. Following the acquisition, the director now owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

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RLJ has been the subject of several research analyst reports. ValuEngine upgraded shares of RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 20th. Janney Montgomery Scott reiterated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of RLJ Lodging Trust in a research note on Monday, June 5th. Boenning Scattergood reiterated a “sell” rating and issued a $19.50 price objective on shares of RLJ Lodging Trust in a research note on Wednesday, June 14th. BidaskClub lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.44.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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